SLEEKSCAPE'S 2022 CANNABIS & MARIJUANA MANIA GRAND SALAMI -- PART II

[sleekscape]

Right now the market is waiting to see what Chuck’s bill will encompass

We now have The 2021 SAFE Banking Act filed in the Senate

We now have CBD Legalization in Supplements, Foods and Beverages filed in the Senate

MJ Legalization/Decriminalization would complete the trifecta

We’ve never seen a CBD Legalization Bill filed in the Senate until yesterday, we’ve never seen The SAFE Banking Act have this much Republican support in the Senate, and we’ve certainly never seen the Senate Majority Leader pushing so strongly for MJ Legalization/Decriminalization with his very own bill

So the potential for the passage of significant federal cannabis legislation hasn’t been this great since Hemp Legalization was passed into law inside of The 2018 Farm Bill

The only bona fide federal Cannabis Legalization Mania we’ve seen happen thus far is The November/December 2017 Canadian Cannabis Mania, which occurred 8 months before the MJ Legalization bill was actually passed in June 2018 — the mania was triggered by the presumption of passage and FOMO due to Constellation Brands taking a 10% stake in Canopy Growth in late October 2017

So it’s possible we could see a repeat of what happened in Canada, with a cannabis mania occurring well before any federal cannabis bill passes the Senate

The mere expectation of passage, or perhaps a catalytic event like a non-cannabis mainstream corporate conglomerate taking a stake in American cannabis (could very well be an alcohol company in a repeat of Constellation Brands), has the potential to trigger a Canada-like expectation-style FOMO Cannabis Mania in 2021

Or it may actually take the passage of a federal cannabis bill through Senate Committees or the Senate Floor itself to trigger a mania

American cannabis investors have been seen it all and been through it all — multiple manias since 2014 as well as multiple years where nothing of significance transpired

My approach to 2021 is one of cautious optimism — I’m thrilled to see all 3 balls in play in the Senate, so the setup is certainly there, but the ultimate proof is in the mania pudding

2021 does share some striking similarities to 2016, with a big rally early in the year, followed by a big consolidation

In 2016, we were fortunate to have a dated catalyst in the form of the November elections, and we experienced an enormous anticipatory mania that preceded them

In 2021, we don’t have a dated catalyst, but we will have 3 cannabis legalization bills filed in the Senate (Banking, CBD and MJ) with a Senate Majority Leader strongly in favor of passing all 3

Charles is in charge, no doubt about it

It’s Chuck’s game from here


Sleek

[korona]

Marijuana Industry Should Be Represented By U.S. Trade Officials After Legalization, Top Senate Chairman Says

https://www.marijuanamoment.net/marijuana-industry-should-be-represented-by-u-s-trade-officials-after-legalization-top-senate-chairman-says/

its bound to happen, im ok if wrong and moving up starts.
this time things are looking extra special.

thank you slkscp
for all you do.

k

[sleekscape]

NEW BILL ALERT: The Hemp Access and Consumer Safety Act

https://hempsupporter.com/news/support-the-hemp-access-and-consumer-safety-act


Sleek

[sleekscape]

Senate Bill Would Allow CBD-Infused Foods, Drinks And Dietary Supplements

So Miller has delivered on his word of CBD Foods and Beverages in the Senate’s version of CBD Legalization

https://www.marijuanamoment.net/senate-bill-would-allow-cbd-infused-foods-drinks-and-dietary-supplements/


Sleek

[sleekscape]

Introduction of Senate hemp market bill expected soon

https://www.nutraingredients-usa.com/Article/2021/05/17/Introduction-of-Senate-hemp-market-bill-expected-soon


Sleek

[sleekscape]

Connecticut MJ Legalization coming down to the wire

If it happens, June would be the month and probably in a special session like we saw with New Mexico:

https://www.marijuanamoment.net/connecticut-lawmakers-hold-marijuana-meeting-with-governors-office-as-new-poll-shows-majority-support-for-legalization/


Sleek

[sleekscape]

2 New Cosponsors for House’s CBD Legalization Bill

Now 25 in total, nice bipartisan support

Really would like to see the Senate’s version per Jonathan Miller’s and Charlotte’s Web CEO’s recent remarks on conference call

https://www.congress.gov/bill/117th-congress/house-bill/841/cosponsors?searchResultViewType=expanded


Here’s the Charlotte’s Web CEO:

“We understand that soon, the Senate will also be putting forward a bill in addition to and similar to H.R. 841. This illustrates the support of both House and Senate to establish a legislative framework within which the FDA would regulate hemp and its derivatives.”

This is Miller’s latest:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163817777


Sleek

[sleekscape]

DEA under Biden finally moves on expanding MJ research cultivation facilities

Well it’s about damn time...

https://www.marijuanamoment.net/dea-finally-ready-to-end-federal-marijuana-research-monopoly-agency-notifies-grower-applicants/


Sleek

[korona]

yes capskty either way if we schedule in fall not to say a quiet slow accumulation hasn't started this could/should be near bottom, wall st end year schedule can be explosive , 2014 has matured its almost time to introduce a wider selection of investments to the public trade houses lets go banking and some, GM* ,b coin n others are priming some kind of habit swing out of into this area . with laws in place, news and some other things should direct some of that related excitement this way as this happened a small while ago. invest in the future soon.

imho

glad to be here

k

[Captainandy]

#SALAMI_NATION: $KGKG.... GO korona

[sleekscape]

It’s really time for the Senate to step up now

The House has already passed SAFE Banking in 2021 and MJ Legalization in 2020

The House has already introduced HR 841 to legalize CBD as a dietary supplement

Miller now says they are working to introduce a Senate bill to legalize CBD as a beverage and food additive — well, let’s see it

Chuck needs to deliver on his MJ Legalization/Decriminalization Bill, which he stated on April 26th was coming in “a few weeks”

Monday May 17th will mark 3 weeks since that declaration

Talk is better than silence, but in the end, what we really need to see to inject excitement back into the cannabis sector is some action


Sleek

[sleekscape]

Miller mentioned a new Senate bill that would legalize CBD as a food & beverage additive in this video clip:

It’s been a busy week for the @hemproundtable on Capitol Hill!

Hear from our General Counsel @recoveringpol about conversations we’ve been having with key legislators and policy makers about #hemp and #CBD + take action at https://t.co/EdCwj6ywee 🌿🟠 pic.twitter.com/gHJFrWXTFm

— US Hemp Roundtable (@HempRoundtable) May 13, 2021

Sleek

[sleekscape]

SAFE Banking now has 8 Repub Co-Sponsors


Susan Collins from Maine just signed on:

https://www.congress.gov/bill/117th-congress/senate-bill/910/cosponsors?searchResultViewType=expanded&pageSort=lastToFirst


GOP Senator Who Trashed Marijuana Banking Amendment Years Ago Is Now Cosponsoring Reform Bill

https://www.marijuanamoment.net/gop-senator-who-trashed-marijuana-banking-amendment-years-ago-is-now-cosponsoring-reform-bill/


— — —


Nothing is ever a lock when it comes to cannabis and Congress, but it looks like The 2021 SAFE Banking Act (opens up banking, payment processing and investment for MJ/Hemp/CBD) is just about at a tipping point right now, so I’m adjusting odds for passage from 70% to 75%

If all Dems vote in support of it, only 9 Repubs are needed to be in favor of it to overcome any filibuster, and that’s assuming that Dems don’t attempt to pass it via reconciliation, which would only require 51 votes in favor, making SAFE Banking an absolute lock to pass the Senate

With the vast majority of bills, there are ordinarily Senators who don’t feel strongly enough to sign on as a cosponsor but do vote in favor of it when it hits the floor, so the likelihood that right now there are 9-15 Republicans in favor of it is pretty strong

What I’m looking for moving forward is how quickly Chuck’s MJ Legalization/Decriminalization Bill can gain Democratic cosponsors after it is introduced, and comparing that number to the SAFE Banking Act

If there is strong support amongst Dems in Senate for Chuck’s bill, then SAFE Banking + MJ Legalization/Decriminalization looks like a package deal, particularly if Chuck is looking to pass it via reconciliation (51 votes needed)

If Senate Dems aren’t lining up behind Chuck’s bill, then we could see Chuck pivot and decide to pass The 2021 SAFE Banking Act without MJ Legalization/Decriminalization, and make a run at passing MJ Legalization/Decriminalization in 2022 when the MJ industry will have significantly more financial momentum due to the passage of SAFE Banking


Sleek

[korona]

Cannabis firms ready FDA ingredient notifications with eye on legalization


https://mjbizdaily.com/cannabis-firms-ready-fda-ingredient-notifications-with-eye-on-legalization/

K

[sleekscape]

Congressional Bill To Federally Legalize Marijuana Filed By Republican Lawmakers

This is similar to the MORE Act (which passed the House during the last Congress) without any social justice provisions

https://www.marijuanamoment.net/congressional-bill-to-federally-legalize-marijuana-filed-by-republican-lawmakers/


Sleek

[korona]

Kona Gold Beverage, Inc. Receives $250,000 Purchase Order from New Vendor
BY PR Newswire
— 9:00 AM ET 05/11/2021
MELBOURNE, Fla., May 11, 2021 /PRNewswire/ -- Kona Gold Beverage ( KGKG
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), Inc. , a holding company focused on product development in the better-for-you and hemp and CBD functional beverage sector, is pleased to announce it has received its largest purchase order to date. The purchase order, which came in from a new vendor, and is for the Company's Ooh La Lemin Lemonade, is approximately $250,000. The new vendor, which has over 300 stores across 15 states in the Midwestern united states, will receive half a pallet of Ooh La Lemin Lemonade for each store.

Kona Gold Beverage ( KGKG ) recently announced it anticipates second quarter revenues to be approximately $750,000, comprising of $300,000 from its subsidiary, Gold Leaf Distribution; and $450,000 from the Company's other subsidiaries. These revenue projections did not include additional large partnership deals such as this purchase order, which could take second quarter revenues much higher. The Company anticipates a gross profit of approximately 30% from these revenues.

"Our team has been working diligently to close deals that we have been working on for months, some deals for years, and I am excited to be announcing to our shareholders, that one of those deals has closed and the Company has received its largest purchase order to date, and it is a substantial one at that," stated Robert Clark, CEO of Kona Gold Beverage ( KGKG
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), Inc. "Our Ooh La Lemin Lemonade brand is growing rapidly and doing extremely well in its current and new markets. We recently launched Ooh La Lemin in an 800+ convenience store chain where its performance has exceeded expectations and that vendor has already placed multiple reorders."

Kona Gold was expecting to receive its first international order in the coming weeks for its Kona Gold Hemp Energy Drinks, taking the number one selling hemp energy drink outside the United States for the first time, but that country has recently locked down due to COVID, and the order has been delayed. The Company will keep shareholders up-to-date regarding execution of this deal and other deals as they come to fruition.

[sleekscape]

Connecticut is probably the next state to legalize in 2021 for adult use, but it will likely require a special session like we recently saw in New Mexico

https://www.marijuanamoment.net/top-connecticut-lawmaker-says-marijuana-legalization-bill-could-get-bumped-to-special-session/


Sleek

[sleekscape]

Minnesota would be a big win given its Republican Senate, but it looks like an uphill battle just in terms of getting a vote in the Senate, not to mention the odds of passage:

https://www.marijuanamoment.net/minnesota-marijuana-legalization-bill-could-absolutely-pass-full-legislature-if-gop-senate-allows-a-vote-sponsor-says/


Sleek

[sleekscape]

Chuck sounds like he believes SAFE Banking can likely pass the Senate right now but is worried that doing so will lessen the chances for MJ Legalization/Decriminalization

So it seems like he is really going for the whole enchilada with SAFE Banking as the fallback plan if he can’t get enough support to pass MJ Legalization/Decriminalization

In the end, Chuck knows better than anybody what is most likely to work legislatively to legalize/decriminalize MJ in this Senate

https://www.marijuanamoment.net/schumer-reiterates-that-marijuana-legalization-must-pass-before-cannabis-banking-reform/


Sleek

[sleekscape]

Interesting appeal, but really it’s up to Congress to Legalize CBD

https://www.marijuanamoment.net/cbd-companys-appeal-could-let-marijuana-and-psychedelics-companies-trademark-businesses-pre-legalization/


Sleek

[sleekscape]

Head Of Top Federal Drug Agency Says It’s Time To Consider Decriminalization

Nora Volkow has been a notorious anti-MJ force for a long time, so it’s really interesting to see her penning an Op-Ed on decriminalizing it using the same language as the Democratic Party (racial and social justice) ahead of the release of Chuck’s MJ Bill

https://www.marijuanamoment.net/head-of-top-federal-drug-agency-says-its-time-to-consider-decriminalization/


— — —


C’mon Chuck, let’s see your MJ Legalization/Decriminalization Bill already — all signs so far point to something resembling the STATES Act + SAFE Banking

Federally Legalize/Decriminalize MJ (for all states, it becomes exempt from being on the Schedule of Controlled Substances) so every state is free to legalize MJ without breaking any federal laws + open up national banking for MJ/Hemp/CBD

Jonathan Miller and Mitch have talked the talk with respect to CBD Legalization, and Chuck fully supports that as well, so now it’s also time to walk the walk and pass legislation removing Hemp-derived CBD from the drug exclusion clause in the Food, Drug and Cosmetics Act (FDCA), which would federally legalize CBD Products to be sold as Dietary Supplements, Beverages and Foods

Exactly how the FDA wants to regulate these products is a separate issue entirely

We already know that Enforcement Discretion is the FDA’s 1st step in regulating CBD products and giving them the federal green light to be sold nationally in major chain stores

But FDA doesn’t have the authority to pass legislation and fix the legal problem that the drug exclusion clause in the FDCA presents (Epidiolex being approved as a prescription drug makes OTC CBD Products illegal)

Congress needs to carve out an exemption for OTC CBD products, just as Congress needs to carve out an exemption in the Controlled Substances Act in order to decriminalize/legalize MJ by making it exempt from the Schedule of Controlled Substances (which is what the STATES Act does)


Sleek

[sleekscape]

Feds Announce New Standard THC Dose To Be Used In Marijuana Research, Effective Immediately

5 mg THC

https://www.marijuanamoment.net/feds-announce-new-standard-thc-dose-to-be-used-in-marijuana-research-effective-immediately/


Sleek

[sleekscape]

Very nice find, thank you for sharing

California would be the last of the 4 largest states to legalize CBD Products

NY, TX and FL have already legalized CBD Products

If TX and FL had already legalized Rec MJ, federal legalization of MJ in some form would be a foregone conclusion

That’s why the federal legalization of CBD Products is overdue now, as the largest states by population, including the more conservative southern states, are already on board

The liver safety question, which had been the apparent holdup to this point, has now been put to bed by the ValidCare study

It’s probably up to Chuck, Mitch, Rand or Wyden to file the Senate version of CBD Legalization


Sleek

[korona]

This certainly has to be the year.

https://mjbizdaily.com/california-hemp-bill-could-provide-new-opportunities-for-marijuana-firms/

is it possible MJ companies are about to take interest in hemp companies?
in a major way?

woo hoo !
cali

sl K

[sleekscape]

Minnesota Marijuana Legalization Bill Clears 11th House Committee On Path To The Floor

Apparently there’s 1 more committee to go before a floor vote

https://www.marijuanamoment.net/minnesota-marijuana-legalization-bill-clears-11th-house-committee-on-path-to-the-floor/


Sleek

[sleekscape]

Not major news, but nice to see the AG restate the obvious

https://www.marijuanamoment.net/biden-ag-stresses-that-marijuana-use-in-legal-states-is-not-a-justice-department-priority/


Sleek

[MRDALE]

GOOOO!!

[sleekscape]

Chuck continues to talk the talk, let’s see if he can walk the walk

https://www.marijuanamoment.net/schumer-slams-bigoted-marijuana-laws-at-rally-saying-his-federal-bill-will-legalize-the-right-way/


Sleek

[sleekscape]

Minnesota MJ Legalization Bill clears 10th House Committee

https://www.marijuanamoment.net/minnesota-marijuana-legalization-bill-clears-another-house-committee-for-a-total-of-ten-so-far/


Sleek

[sleekscape]

Sounding more and more like Chuck plans on passing something akin to the STATES Act rather than the MORE Act

STATES Act has a pretty good shot of passing this Senate, certainly much greater chance than the MORE Act, but if the support isn’t there, then they can pass The SAFE Banking Act without it, opening up the MJ, Hemp & CBD industries to banking and investment

CBD Legalization is currently filed in the House and gathering cosponsors — still need to see it filed in the Senate per Jonathan Miller, before it can potentially be attached to Chuck’s bill:

Here’s the STATES Act:

https://www.warren.senate.gov/imo/media/doc/STATES%20Act%20One%20Pager.pdf


Sleek

[sleekscape]

Key Senate Chair Shifts Stance On Tying Marijuana Banking Bill To Sentencing Reform

Glad to see Sherrod drop the idea of tying sentencing reform to SAFE Banking Act — that will make maximize the number of Republican votes it can garner

https://www.marijuanamoment.net/key-senate-chair-shifts-stance-on-tying-marijuana-banking-bill-to-sentencing-reform/


Sleek

[korona]

Booming sector

The cannabis drinks sector is getting downright crowded, with beer giants Pabst Blue Ribbon, Anheuser-Busch InBev and Molson Coors all testing cannabis beverages

https://hempindustrydaily.com/131533-2/

thks slK
for all you do
and bringing us all here
Amazing

[Captainandy]

#SALAMI_NATION: KEEP THE FAITH BROTHER ...GO SLEEK


"If any Senate can pass some form of meaningful cannabis legislation, it’s this one"



Outside of Federal Hemp Legalization inside The 2018 Farm Bill, Congress hasn’t gotten its act together enough to pass any additional cannabis legislation to this point

Having a Republican-controlled Senate in 2016-2020 meant all MJ legislation was dead in the water, and Covid ruined chances of CBD Legalization in 2020 as the ValidCare study was delayed

Now we have a Democrat-controlled Senate with strong momentum in the MJ sector in terms of multiple states recently legalizing MJ for recreational/adult use purposes, including big population northeast metropolis states like NY and NJ via legislature and conservative red states like Montana and South Dakota thru ballot initiatives

Cannabis Banking has passed the House multiple times and is the lowest hanging fruit, but we still need to see the Senate Banking Committee move on it

ValidCare has recently provided definitive proof that CBD in OTC products is safe for the liver, but the results of their study probably need to be published in a medical journal before FDA will move on its CBD Enforcement Discretion Policy for CBD Products and Congress will move on CBD Legalization:

https://hempindustrydaily.com/ceos-leverage-validcares-cbd-clinical-study-results-to-spur-partnerships-profit-and-promising-regulatory-activity/?cn-reloaded=1

Chuck seems determined to attempt to pass MJ Legalization one way or another, even if that means trying to get around the 60-vote filibuster by using reconciliation, which would only require 51 votes

If any Senate can pass some form of meaningful cannabis legislation, it’s this one

Chuck and Sherrod (Dem Chair of Senate Banking Committee) will have a heavy hand in moving forward the legislation for MJ Legalization and Cannabis Banking Legalization (MJ and Hemp/CBD), respectively

Mitch has the heavy hand in terms of pushing for the attachment of CBD Legalization to either of these cannabis legalization bills, though Chuck is similarly a big fan of hemp so they are 1A & 1B in terms of CBD

But as they say, the proof is in the pudding

[sleekscape]

Urge Your U.S. Senators to Support the SAFE Banking Act

Miller works as hard as anybody on behalf of moving the Hemp & CBD industry forward, and he’s made it easy to send your Senator a pre-written letter that pushes for the passage of SAFE Banking specifically because it will open up banking and investment in the Hemp & CBD space

This angle could take on more importance if the Senate also tries to pass CBD Legalization inside of The 2021 SAFE Banking Act, which is something Miller has spoken about before

Here’s the pre-populated form:

https://hempsupporter.com/state-action/nationwide/urge-your-members-of-congress-to-support-the-safe-banking-act


Sleek

[sleekscape]

Yes


Sleek

[pokerpunk]

Are you back in CNAB?

[sleekscape]

Montana Senate Follows Thru on Rec MJ After Ballot Initiative

https://www.marijuanamoment.net/montana-senate-approves-bill-to-implement-marijuana-legalization/


Sleek

[sleekscape]

Chuck Says MJ Legalization Legislation in “A Few Weeks”

Now Dems are looking at the option of using reconciliation, which would require 51 votes instead of 60

Watch the 45 second video in the article:

https://www.marijuanamoment.net/advocates-float-new-strategy-to-pass-marijuana-legalization-in-senate-with-democratic-support-in-question/


Sleek

[sleekscape]

Hey Cappy

Outside of Federal Hemp Legalization inside The 2018 Farm Bill, Congress hasn’t gotten its act together enough to pass any additional cannabis legislation to this point

Having a Republican-controlled Senate in 2016-2020 meant all MJ legislation was dead in the water, and Covid ruined chances of CBD Legalization in 2020 as the ValidCare study was delayed

Now we have a Democrat-controlled Senate with strong momentum in the MJ sector in terms of multiple states recently legalizing MJ for recreational/adult use purposes, including big population northeast metropolis states like NY and NJ via legislature and conservative red states like Montana and South Dakota thru ballot initiatives

Cannabis Banking has passed the House multiple times and is the lowest hanging fruit, but we still need to see the Senate Banking Committee move on it

ValidCare has recently provided definitive proof that CBD in OTC products is safe for the liver, but the results of their study probably need to be published in a medical journal before FDA will move on its CBD Enforcement Discretion Policy for CBD Products and Congress will move on CBD Legalization:

https://hempindustrydaily.com/ceos-leverage-validcares-cbd-clinical-study-results-to-spur-partnerships-profit-and-promising-regulatory-activity/?cn-reloaded=1

Chuck seems determined to attempt to pass MJ Legalization one way or another, even if that means trying to get around the 60-vote filibuster by using reconciliation, which would only require 51 votes

If any Senate can pass some form of meaningful cannabis legislation, it’s this one

Chuck and Sherrod (Dem Chair of Senate Banking Committee) will have a heavy hand in moving forward the legislation for MJ Legalization and Cannabis Banking Legalization (MJ and Hemp/CBD), respectively

Mitch has the heavy hand in terms of pushing for the attachment of CBD Legalization to either of these cannabis legalization bills, though Chuck is similarly a big fan of hemp so they are 1A & 1B in terms of CBD

But as they say, the proof is in the pudding


Sleek

[Captainandy]

#SALAMI_NATION:... BUYING SEASON IN FULL SWING...!


Hey Sleek... Things are looking great....

Thank You for HOLDING THE LINE !


AMMJ -- AMERICAN MJ


CNABQ -- AMERICAN MJ & CBD


KGKG -- CBD WATER & CBD ENERGY DRINKS


ISOLF -- CBD DIETARY SUPPLEMENTS, CBD FOODS & CBD BEVERAGES


SIPC -- HEMP BEER, CBD BEER & THC NON-ALCOHOLIC BEER


BLEG -- CBD COFFEE & CBD TEA


CANB -- CBD DIETARY SUPPLEMENTS & CBD MEDICAL/WELLNE

[sleekscape]

Hemp Production Now Legal in all 50 States

And that’s why it’s pretty silly that CBD Products themselves are still federally illegal, particularly now that we have the long-awaited liver safety green light from the ValidCare study

https://hempsupporter.com/news/hemp-production-now-legal-in-all-50-states-plus-updates-in-ar-co-and-nv


Sleek

[sleekscape]

All the recent polls look really good

Let’s go Chuck, show us your cards...

Only One In Ten Americans Want To Keep Marijuana Totally Illegal, Poll Finds

https://www.marijuanamoment.net/only-one-in-ten-americans-want-to-keep-marijuana-totally-illegal-poll-finds/


Sleek

[sleekscape]

Minnesota is really getting ridiculous now with the number of Committees its House MJ Legalization Bill is passing before moving to the floor and then on to the Senate

Minnesota Marijuana Legalization Bill Clears Eighth Committee On Route To The House Floor

https://www.marijuanamoment.net/minnesota-marijuana-legalization-bill-clears-eighth-committee-on-route-to-the-house-floor/


Sleek

[sleekscape]

Looks like Dems may try to pass MJ Legalization first, with SAFE Banking as the backup plan

Would prefer the other way around, but I’m ok with that approach if that’s the way Chuck decides to play it — he knows what’s most likely to work in the Senate

Another possibility is that Sherrod (head of Senate Banking Committee) is just posturing for negotiating leverage around adding sentencing reform to SAFE Banking, and that he does intend to move SAFE Banking pretty soon

It’s likely that some Dems don’t want to attach sentencing reform to The SAFE Banking Act, that they want to tackle that issue separately, so this is Sherrod’s way of trying to move the needle on that issue because he knows how desperately Dems (and a fair amount of Repubs) want to pass the SAFE Banking Act ASAP

I don’t know if sentencing reform will make it into the Senate’s final version of The SAFE Banking Act, but I think that Sherrod wants to give it his best effort to make that happen, and if the votes aren’t there for sentencing reform, the Dems will roll with the House’s version of The SAFE Banking Act

Throwing out the baby with the bathwater would be pretty silly at this point

SAFE Banking has great bipartisan support in the House and Senate

Sentencing reform may not have the same amount of Republican support in the Senate, though it’s tough to say right now without seeing how the Repubs would line up around that issue

Don’t Expect Senate Marijuana Banking Vote Any Time Soon, Key Chairman Says

https://www.marijuanamoment.net/dont-expect-senate-marijuana-banking-vote-any-time-soon-key-chairman-says/


Sleek

[sleekscape]

MJ Legalization

Sector commentary on 2021 thus far and outlook as of 4/19/21:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163294479


Schumer Says Federal Marijuana Legalization Bill Will Hit Senate Floor ‘Soon’

https://www.marijuanamoment.net/schumer-says-federal-marijuana-legalization-bill-will-hit-senate-floor-soon/


Democratic Senate Leaders Announce Steps To Federally Legalize Marijuana In 2021

https://www.marijuanamoment.net/democratic-senate-leaders-announce-steps-to-federally-legalize-marijuana-in-2021/


Top Senate Democrats: We’ll Legalize Marijuana

https://www.forbes.com/sites/chrisroberts/2021/02/01/top-senate-democrats-well-legalize-marijuana/?sh=444db8ba215e


Schumer Provides Some Specifics About His Upcoming Marijuana Bill

The videos are worth watching as well:

https://www.marijuanamoment.net/schumer-marijuana-bill-will-stop-big-alcohol-and-tobacco-from-dominating-market-he-says/


Sleek

[sleekscape]

CBD Legalization


In late March 2021, ValidCare issued a press release stating that their CBD Liver Safety Study demonstrated no liver safety issues with CBD taken at typical daily doses — according to many experts in the CBD industry, this appears to be the final step required in order for the FDA to issue their Enforcement Discretion Policy For CBD Products

VALIDCARE’S CLINICAL STUDY REPORTS PRELIMINARY RESULTS OF CBD LIVER SAFETY

Investigators report to FDA no evidence of liver toxicity in the 839 adults consuming oral CBD

https://validcare.com/press/validcares-clinical-study-reports-preliminary-results-of-cbd-liver-safety/


“Hopeful to pass CBD Legalization in early 2021”

HR 8179 is 2020’s version of The CBD Dietary Supplement Legalization Bill

The 2021 version, HR 841, was filed on 2/4/21 and is virtually the same bill as HR 8179, so when Miller is saying that he is “hopeful to pass HR 8179 sometime in early 2021,” this means that he is hopeful to pass the Legalization of CBD Dietary Supplements (HR 841) sometime in “early 2021”

Miller also says he expects legislation to “Legalize CBD as a Food and Beverage Additive” in 2021

Watch him go on record here about CBD Legalization in Supplements, Food and Beverages — timestamped so just hit play:

According to all of the research I’ve done, when the CBD Food and Beverage Legalization Bill is filed, it will only be for CBD Isolate due to the lack of safety data on the other CBD formulations and other cannabinoids:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161576602


— — —


HR 841 starting out with 18 Cosponsors on Day 1

Check out the newly released CBD Legalization Bill here:

https://www.congress.gov/bill/117th-congress/house-bill/841/cosponsors?searchResultViewType=expanded


Compare that to HR 8179, the CBD Legalization Bill from the last Congress, which only had 1 cosponsor on Day 1:

https://www.congress.gov/bill/116th-congress/house-bill/8179/cosponsors?q={%22search%22:[%22Hr+8179%22]}&r=1&s=1&searchResultViewType=expanded


So HR 841 is off to an excellent start thus far


— — —


My Take On 2021 CBD Legalization in Dietary Supplements Bill

The significance of this recently announced legislation is that only CBD Isolate and Broad Spectrum CBD now have a chance to be legalized by Congress in 2021:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161538535


The Problem with Full Spectrum CBD is the THC

I have been warning about Full Spectrum CBD since mid-2019, when virtually all observers wrongly predicted that CBD Isolate would be disallowed due to the drug exclusion rule in the FDCA because it is too similar to Epidiolex, while I maintained the exact opposite — that CBD Isolate would be the 1st formulation permitted by the FDA due to its superior safety data, with the drug exclusion rule being a subject for legislation in Congress

I also contended that THC and Full Spectrum CBD had too many safety risks for it be legally permitted to be sold in retail stores all over America anytime soon — and now the exact opposite of what the legal experts had been saying has happened, and it’s THC that is being forbidden, so Full Spectrum CBD will remain illegal even after this CBD Legalization bill passes

I laid out my thoughts on why CBD Isolate was the best bet to become the first formulation permitted for national sales in July 2019 here:

AN FDA-CENTRIC CANNABINOID-BASED PARADIGM FOR CBD PRODUCT REGULATION

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150123700


Even though nobody has seen the contents of the FDA’s CBD Enforcement Discretion Policy...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157109217


FDA Enforcement Policy for CBD Products only includes CBD Isolate right now

Based on everything I have read and everybody with whom I have spoken, it’s very likely that only regulations for CBD Isolate products are currently included in the FDA’s CBD Enforcement Discretion Policy — whether that will be changed under a Biden administration remains to be seen, but Jonathan Havens thinks that the FDA’s CBD Enforcement Policy is coming out in Q2 of 2021:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161040221


In late March 2021, ValidCare issued a press release stating that their CBD Liver Safety Study demonstrated no liver safety issues with CBD taken at typical daily doses — according to many experts in the CBD industry, this appears to be the final step required in order for the FDA to issue their Enforcement Discretion Policy For CBD Products

VALIDCARE’S CLINICAL STUDY REPORTS PRELIMINARY RESULTS OF CBD LIVER SAFETY

Investigators report to FDA no evidence of liver toxicity in the 839 adults consuming oral CBD

https://validcare.com/press/validcares-clinical-study-reports-preliminary-results-of-cbd-liver-safety/


Now the battle will be between FDA and Congress — CBD Isolate is a lock, whereas Broad Spectrum CBD may or may not make the final version of the CBD Legalization Bill

FDA only wants CBD Isolate to be legalized, as they believe there isn’t enough safety data on the other cannabinoids like CBG, CBN, CBC, etc

In addition, they want to save the other cannabinoids for the pharmaceutical industry

For those reasons, FDA is not in favor of allowing Broad Spectrum CBD in 2021

So as things stand right now, CBD Isolate in Dietary Supplements is an absolute lock to wind up in the finalized version of The 2021 CBD Legalization Bill, and that’s where I’m placing my bets

Last week’s CBD Legalization in Dietary Supplements Bill could remain as is and move through Congress without any changes to it

But if any specific changes are made to HR 841, I think there are essentially 3 possibilities:

1) The non-CBD cannabinoids (Broad Spectrum cannabinoids CBG/CBN/CBC, etc) are deleted, as the FDA wins in the FDA vs Congress battle, and the bill winds up being purely a CBD Isolate Dietary Supplements Legalization Bill

2)Broad Spectrum CBD is permitted to sell as a Dietary Supplement as long as the concentrations of all the cannabinoids are not altered, i.e. it would be illegal to add more CBG into Broad Spectrum Oil — and only CBD can be sold in isolate form — it would be illegal to sell CBG or CBN Isolate, for example

3) CBD Isolate in Foods and Beverages is added to this bill

In terms of food and beverages, only CBD Isolate has a chance to be legalized as an additive right now, because as I’ve always stated, CBD Isolate has the most safety data and when you look at the research on CBG, CBN, CBC, etc, it’s not even close in terms of quantity and quality of data

If CBD Isolate in foods and beverages is not added to this bill, I fully expect to see a separate bill in 2021 for CBD Isolate Legalization in Foods and Beverages

Jonathan Miller has already gone on record right here that we will see legislation for CBD Isolate in foods and beverages in 2021:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161039812

So whether Congress can win the battle with FDA and include Broad Spectrum CBD and the individual non-CBD and non-THC cannabinoids themselves remains to be seen

I think one reasonable compromise between both sides is to allow CBD Isolate only in both Dietary Supplements and Foods/Beverages, just like we saw in Peterson’s 2020 CBD Legalization Bill, HR 5587:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155119606


The really big money seems to be in Full Spectrum CBD Oil and CBD Beverages/Foods, but Congress and FDA seem to both agree that it’s still too early to legalize the sale of CBD products with THC (Full Spectrum CBD) in retail stores, so that leaves CBD Isolate in Foods and Beverages as the more feasible big money option


Molson Coors was the first traditional company to make a CBD Beverage, which they announced in January 2021:

https://www.bloomberg.com/news/articles/2021-01-13/molson-aims-to-create-mass-cbd-drink-brand-with-veryvell


In March 2021, Canopy Growth launches CBD-infused sparkling water line in the U.S.

https://www.cnbc.com/2021/03/02/canopy-launches-cbd-infused-sparkling-water-line-in-the-us-.html


Canopy Growth Launches ‘Quatreau’ CBD Drinks In U.S.

“We think there’s a fairly clear regulatory path and way to enter the market, and we’re really comfortable with the future opportunity,” Kovacevic said.

https://www.forbes.com/sites/chrisfurnari/2021/03/02/canopy-growt


When rumors that Coca Cola was interested in CBD Beverages in Oct 2018 started swirling, the market went absolutely bonkers for CBD Beverages:

http://schrts.co/MCRGTvhg


Here’s a very well written recent article that covers a lot of ground:

Could 2021 be the breakout year for cannabis-infused food and beverages

https://www.fooddive.com/news/could-2021-be-the-breakout-year-for-cannabis-infused-food-and-beverages/593403/


The bottom line for me is that as things stand right now, only CBD Isolate is a lock to be included in any finalized legislation involving CBD Legalization that passes Congress in 2021

That’s the case for both Dietary Supplements and Beverages

And that’s where I’ll continue to be positioned for 2021


Sleek

[sleekscape]

Banking Legalization For MJ, Hemp & CBD


On 4/19/21, the House passed The 2021 SAFE Banking Act, so now all eyes are on the Senate:

U.S. House Approves Marijuana Banking Bill For Fourth Time, Setting Up Senate Consideration

The vote marks the fourth time the House has approved the Secure and Fair Enforcement (SAFE) Banking Act. Lawmakers passed it as a standalone bill in 2019 and then twice more as part of coronavirus relief legislation. At no point did the measure move forward in the Senate under Republican control last session, however.

But this time around, advocates and industry stakeholders are feeling confident that the bill’s path will not end in the House. With Democrats now in control of both chambers and the White House, there are high expectations that the proposal will make its way through the Senate and onto the president’s desk.

https://www.marijuanamoment.net/u-s-house-debates-marijuana-banking-bill-with-final-vote-set-for-this-evening/


In early February 2021, Democrats announced their intention to pass it into law in the new Congress:

Cannabis industry may finally move past cash as Democrats look to loosen banking restrictions

https://www.denverpost.com/2021/02/04/marijuana-banking-colorado-congress-cannabis-restrictions/


In late March 2021, The SAFE Banking Act of 2021 was introduced in the Senate with 6 Republican Co-Sponsors:

Banking Bill Reintroduced In Senate, With Nearly A Third Of The Chamber Signed On

https://www.marijuanamoment.net/marijuana-banking-bill-reintroduced-in-senate-with-nearly-a-third-of-the-chamber-signed-on/

The Senate version is being sponsored by Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT), and it currently has 27 other cosponsors.

Beside the chief sponsors, here’s who’s signed on to this latest version so far: Sens. Kyrsten Sinema (D-AZ), Ed Markey (D-MA), Alex Padilla (D-CA), Patrick Leahy (D-VT), Dick Durbin (D-IL), Ron Wyden (D-OR), Mazie Hirono (D-HI), Tina Smith (D-MN), Angus King (I-ME), Catherine Cortez Masto (D-NV), Michael Bennet (D-CO), Bob Menendez (D-NJ), Jon Tester (D-MT), Jacky Rosen (D-NV), Kevin Cramer (R-ND), Dan Sullivan (R-AK), Kirsten Gillibrand (D-NY), Elizabeth Warren (D-MA), Chris Murphy (D-CT), Gary Peters (D-MI), Bernie Sanders (I-VT), Brian Schatz (D-HI), Patty Murray (D-WA), Amy Klobuchar (D-MN), Rand Paul (R-KY), Bill Cassidy (R-LA) and Cynthia Lummis (R-WY).


— — —


The Outsized Importance of The SAFE Banking Act Of 2021

One of the big keys to the cannabis sector in 2021 is The SAFE Banking Act, which would open up banking for both MJ and Hemp/CBD

It’s also most likely the best legislative vehicle to which CBD Legalization (Hemp-derived CBD Products) can be attached:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161621173


The SAFE Banking Act is an actual and tangible piece of legislation that is ready to move through the Senate in 2021

The reason why The SAFE Banking Act should be passed in 2021 is that it doesn’t make sense for Dems to try to legalize in 2022 without having passed the SAFE Banking Act first

There are a number of reasons why this approach — SAFE Banking in 2021 and MJ Legalization in 2022 — is the most rational

Here are the 2 most important ones from my perspective:

1) Passing the SAFE Banking Act in 2021 makes it more likely that MJ Legalization can attract enough votes in the Senate in 2022 to actually hit the floor — 60 votes are required with the filibuster in place

So if the goal is to pass MJ Legalization before the elections, then what can Dems do legislatively beforehand to increase the odds of being successful?

Passing the SAFE Banking Act in 2021 is the single biggest thing they can do, because once the financial side of things is opened up, investors will flood the sector with money and the momentum to legalize MJ in 2022 will reach an entirely different level — money will drive the MJ Legalization movement through the finish line — that’s what will motivate the handful of Republican Senators needed to pass the MJ Legalization Bill who are currently sitting on the fence — all the talk right now is about social justice being a key driving force, but that’s largely a Democratic ideal — money is the bigger factor for Republicans

2) If the Dems don’t pass The SAFE Banking Act in 2021 and they attempt to pass MJ Legalization in 2022 and are not successful, then they might wind up with nothing

No Banking, No Legalization

It would be great to get legalization, as that would probably resolve the banking issue

But if legalization fails in 2022, then Dems could wind up with NOTHING to show for their efforts and may very well lose the Senate and/or the House in 2022 — if that occurs, the MJ industry could be stuck in neutral for the foreseeable future

That’s the last thing the Democratic Party wants to see happen

The SAFE Banking Act is likely to wind up being the biggest direct catalyst for MJ & Hemp/CBD stocks in 2021 — the prospects of MJ Legalization right now are the biggest indirect catalyst for the cannabis sector, at least until they become more of a direct catalyst after the bill is filed and starts attracting cosigners

The SAFE Banking Act alone would become the biggest federal catalyst to ever hit the cannabis sector thus far

If CBD Legalization is attached to it, the catalyst would be that much stronger for CBD stocks

With the passage of Banking Legalization for MJ and Hemp/CBD in 2021, the anticipation of the potential for MJ Legalization in 2022 would then be tied into the sentiment-driven narrative offered up by Democrats and broadcast by the media — The MJ Legalization story has great potential to take the American cannabis sector to its greatest heights in history in 2021

But it really all starts with The SAFE Banking Act, so its reintroduction into the House and Senate is the first step in this process


Sleek

[sleekscape]

U.S. House of Representatives approves cannabis banking bill

https://finance.yahoo.com/news/u-house-representatives-approves-cannabis-234329462.html


Sleek

[sleekscape]

House Passes Marijuana Banking Bill With Bipartisan Support

https://www.bloomberg.com/news/articles/2021-04-19/house-passes-marijuana-banking-bill-with-bipartisan-support


Sleek

[NorfolkIP]

Ahhhh so the restricted shares would move to the float. Makes sense.
At one point, there was 270k on the ask which started this brutal turn south with little to no support.